Hotels, Motels & Cruise Lines
Shun Cheong Holdings Ltd <0650.HK>: CAO Jing has resigned as an executive director and the executive chairman of the company . Zhang Shaohua has resigned as an executive director and the managing director of the company . Wang Jingbo has been appointed as the chairman of the board .
Ionian Hotel Enterprises SA
Genting Malaysia Bhd
Shangri-La Asia Ltd <0069.HK>: 2016 interim results announcement <0069.HK> . HY sales of US$ 992.2 million versus US$ 1.02 billion . Says interim dividend of hk5 cents (2015: hk5 cents) per ordinary share . HY consolidated profit attributable to equity holders of the company before non-operating items decreased by 7.7% to US$37.0 million . Global political and economic outlook continues to be uncertain" . It appears unlikely that the group will experience any major improvement in its operating performance" .
Guangzhou Lingnan Group Holdings Co Ltd <000524.SZ> : Says Lingnan Group will raise stake in co to 44.03 percent up from 14.36 percent . Says a Guangzhou-based hotel group firm will lower stake in co to 14.97 percent down from 37.19 percent . A Guangzhou-based development holding firm to raise stake in co to 12.93 percent from 0 percent . Guangzhou Securities to raise stake to 3.37 percent from 0 percent .Says the shareholding structure changes are the results of new shares issuance plan for hotel and tourism assets acquisition and fund raising.
Millennium & Copthorne Hotels Plc
Guangzhou Lingnan Group <000524.SZ> : Says it plans to buy hotel and tourism assets for 3.4 billion yuan ($510.97 million) via cash, share issue .Says it plans to raise up to 1.5 billion yuan in private placement of shares to help fund acquisition.
Affiliates of certain funds managed by affiliates of Apollo Global Management announce extension of tender offer
Apollo Global Management LLC: Affiliates of certain funds managed by affiliates of co determined to further extend offering period of cash tender offer .Cash tender offer to purchase common stock of diamond resorts international extended to Aug. 30, 2016.
Genting Hong Kong says HY net loss $53.639 million versus profit of $2.17 billion a year ago<0678.HK>
Genting Hong Kong Ltd <0678.HK>: Results for the six months ended 30 June 2016 <0678.HK> . HY net loss $ 53.639 million versus profit of $2.17 billion a year ago . HY turnover $435.8 million versus $275.1 million a year ago . Says the directors do not recommend the declaration of interim dividend in respect of the six months ended 30 June 2016 .
Fujian Holdings Ltd <0181.HK>: Discloseable and connected transaction - formation of joint venture <0181.HK> . Says the company and FHIG have agreed to establish the joint venture . Upon the establishment of the joint venture, the company and fhig will hold 51% and 49%, respectively . Registered capital of the joint venture will be RMB80 million, to which company and fhig will contribute RMB40.8 million and RMB39.2 million, respectively . Says capital contribution on part of company will be funded from funds raised under open offer of company conducted in 2015 .